What the plaintiffs could have done with the money

Assignment Help Accounting Basics
Reference no: EM132576061

You have recently been asked to be a damages expert witness in a large Ponzi scheme. The lawyers have asked you to calculate actual damages, what-if damages, and pre-judgment interest damages.

Question 1: Which of these types of damages estimates what the plaintiffs could have done with the money if the fraud hadn't occurred?

a. Actual damages

b. What-if damages

c. None of these

Reference no: EM132576061

Questions Cloud

How much is the capital balance of a after the admission : On July 1, 20x1, How much is the capital balance of A after the admission of C if C's admission was accounted for using the bonus method?
What defines best practice in projects : What defines best practice in projects seeking to reduce poverty? How did ethnographic information assist in generating positive outcomes
Promotion and pricing strategies : "Entrepreneurs must determine what to sell, to whom and how often, on what terms and at what price, and how to get the product or service to the customer.
Find the total number of units that alpha company : Find the total number of units that Alpha Company must produce in January.Alpha company anticipated unit sales of widgets are January, 5,000
What the plaintiffs could have done with the money : Which of these types of damages estimates what the plaintiffs could have done with the money if the fraud hadn't occurred?Actual damages
Social justice and social change : You employed ethical decision making in order to recommend solutions to ethical issues within government and nonprofit organizations.
Which missing to find in financial statements includes : Information that is missing or hard to find in financial statements includes Employee relations with management./Reputation of the firm with customers
What is the accrual method of accounting : What is The accrual method of accounting? Recognizes revenues and expenses independent of cash inflows and outflows./Recognize cash revenues against the expense
Information about business ethics : Imagine that someone from another culture asked you to provide information about business ethics when dealing with American managers.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Bob created mno inc several years ago and has owned all 10

bob created mno inc. several years ago and has owned all 10 outstanding shares of mno inc. since the creation of mno

  Montana white water corporation sells canoes

State the effect of the error on the income statement of Montana White Water for the year ended December 31, 2010.

  What was the net or cash cost for the merchandise

The Tan Company purchased merchandise inventory on account with a list price of $5,000 and credit terms of 1/20, n/45. What was the net or cash cost for the merchandise?

  Discuss the auditing and other assurance services your firm

write a letter to apollo shoes addressing the key points listed below assume the role of an auditor at a local firm

  How is net position computed in the statement

In a government-wide Comprehensive Annual Financial Report, how is net position computed in the Statement of Net Position?

  Proper balance sheet presentation for liability

Show the proper balance sheet presentation for the liability for bonds payable on the December 31, 2011, balance sheet.

  Describe underapplied and overapplied overhead

Describe underapplied and overapplied overhead. What is commonly done with the underapplied or overapplied balance in the factory overhead account?

  Bentley records adjusting entries on december 31 year end

bentley records adjusting entries on december 31 year end. at december 31 employees had earned 21000 of unpaid and

  What is susanne recognized gain

Susanne transferred a building (adjusted basis of $200,000 and fair market value of $310,000) to Zerec Corporation. What is Susanne recognized gain

  Scales corporation has received a request for a special

scales corporation has received a request for a special order of 6000 units of product y45 for 13.70 each. product y45s

  Explain the cloud based accounting system

Define and explain the differences between a cloud based accounting system and a traditional accounting system. Based on your findings make a recommendation outlining which size and type of businesses would benefit from moving to a cloud based AIS

  Define sole proprietorship is not subject to double taxation

Particularly explain how corporations are subject to double taxation while a sole proprietorship is not subject to double taxation

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd